Thrivent Financial for Lutherans Trims Stock Position in Chubb Limited (NYSE:CB)

Thrivent Financial for Lutherans decreased its position in shares of Chubb Limited (NYSE:CB) by 9.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 434,632 shares of the financial services provider’s stock after selling 48,013 shares during the quarter. Thrivent Financial for Lutherans owned approximately 0.11% of Chubb worth $125,343,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in CB. Claro Advisors LLC boosted its position in shares of Chubb by 9.8% in the 3rd quarter. Claro Advisors LLC now owns 7,945 shares of the financial services provider’s stock valued at $2,291,000 after purchasing an additional 709 shares during the period. Concord Asset Management LLC VA lifted its stake in Chubb by 45.1% in the third quarter. Concord Asset Management LLC VA now owns 6,906 shares of the financial services provider’s stock valued at $1,992,000 after buying an additional 2,147 shares during the last quarter. Schear Investment Advisers LLC boosted its holdings in shares of Chubb by 16.8% in the third quarter. Schear Investment Advisers LLC now owns 6,816 shares of the financial services provider’s stock valued at $1,966,000 after acquiring an additional 978 shares during the period. Accredited Investors Inc. purchased a new position in shares of Chubb during the third quarter worth approximately $237,000. Finally, Turtle Creek Wealth Advisors LLC increased its holdings in shares of Chubb by 21.5% in the 3rd quarter. Turtle Creek Wealth Advisors LLC now owns 1,086 shares of the financial services provider’s stock valued at $313,000 after acquiring an additional 192 shares during the period. Institutional investors and hedge funds own 83.81% of the company’s stock.

Analyst Ratings Changes

CB has been the topic of several research reports. JPMorgan Chase & Co. raised their price objective on shares of Chubb from $291.00 to $294.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Evercore ISI boosted their price target on Chubb from $289.00 to $293.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Wells Fargo & Company increased their price objective on Chubb from $266.00 to $268.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 5th. Royal Bank of Canada boosted their target price on Chubb from $285.00 to $295.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. Finally, Jefferies Financial Group increased their price target on Chubb from $294.00 to $295.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $287.37.

Chubb Stock Up 0.4 %

NYSE CB opened at $288.00 on Friday. The company has a market capitalization of $116.09 billion, a P/E ratio of 11.79, a PEG ratio of 6.71 and a beta of 0.67. Chubb Limited has a 12 month low of $216.90 and a 12 month high of $302.05. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.28 and a quick ratio of 0.28. The company’s 50 day simple moving average is $287.84 and its 200 day simple moving average is $273.21.

Chubb (NYSE:CB) last announced its earnings results on Tuesday, October 29th. The financial services provider reported $5.72 EPS for the quarter, topping the consensus estimate of $4.98 by $0.74. The company had revenue of $13.83 billion during the quarter, compared to analysts’ expectations of $14.16 billion. Chubb had a net margin of 18.32% and a return on equity of 15.46%. The business’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period last year, the company posted $4.95 earnings per share. Equities research analysts expect that Chubb Limited will post 21.77 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Joseph F. Wayland sold 6,599 shares of Chubb stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $287.06, for a total value of $1,894,308.94. Following the transaction, the executive vice president now owns 84,101 shares of the company’s stock, valued at $24,142,033.06. This trade represents a 7.28 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Evan G. Greenberg sold 30,318 shares of Chubb stock in a transaction on Monday, September 9th. The stock was sold at an average price of $289.60, for a total transaction of $8,780,092.80. Following the completion of the transaction, the chief executive officer now owns 553,664 shares in the company, valued at $160,341,094.40. This trade represents a 5.19 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 86,636 shares of company stock worth $24,874,208 in the last quarter. 0.86% of the stock is currently owned by corporate insiders.

About Chubb

Chubb Limited provides insurance and reinsurance products worldwide. The company's North America Commercial P&C Insurance segment offers commercial property, casualty, workers' compensation, package policies, risk management, financial lines, marine, construction, environmental, medical risk, cyber risk, surety, and casualty; and group accident and health insurance to large, middle market, and small commercial businesses.